Brennan Thomas P JR 4
Research Summary
AI-generated summary
Casey's (CASY) CMO Brennan Thomas Jr Vests RSUs, Sells 4,435 Shares
What Happened
- Brennan Thomas P. Jr., Chief Merchandising Officer of Casey's General Stores, had a mix of restricted stock unit vesting and derivative conversions on June 15, 2026. He was credited with 9,246 shares from an award and 1,026 shares from exercise/conversion events (411, 297, 318), for a gross of 10,272 shares acquired. To satisfy tax withholding/obligations, 4,435 shares were surrendered/disposed at an implied price of $872.39 per share, valuing the withheld shares at approximately $3,869,050. Additional disposals of 1,026 shares (the converted derivative lots) are listed as derivative dispositions. Net shares retained from these events equal roughly 4,811 shares (10,272 acquired minus 5,461 disposed).
Key Details
- Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely).
- Primary codes: A = Award/Grant (9,246 RSUs), M = Exercise/Conversion of derivatives (1,026 shares), F = Payment of tax liability (4,435 shares surrendered).
- Price used for valuation: $872.39 (closing price on June 15, 2026); 4,435 × $872.39 = $3,869,050 (footnote F2).
- Each RSU represents the right to one share upon vesting (footnote F4); some awards are performance-based and subject to additional performance criteria (see footnotes F1, F5–F8).
- Shares owned after the transactions are not specified in the provided excerpt; net retained from these entries is ~4,811 shares (calculated).
- Remark: Exhibit 24 — Power of Attorney included.
Context
- This appears to be a routine vesting and settlement/withholding event (not an open-market directional buy or sell). The F-code disposal is a tax withholding/cashless settlement rather than a market sale intended as liquidity. Performance-based RSUs noted in the footnotes may have additional tranches that vest in future years or are contingent on performance metrics.
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